Quote post: @KobeissiLetter on tech stocks falling after earnings while the average reporter rises
Tech stocks fell 1.2% on average the day after earnings this month while the average reporter rose 0.6%, per Bespoke. Tech beat estimates nearly 9 times in 10 and still got sold. I think the market is grading the capex bill now.
Not financial advice
https://x.com/KobeissiLetter/status/2116542276738355535
Sources: Seeking Alpha via TradingView: per Bespoke, tech fell 1.2% on earnings reaction days, all reporters averaged +0.6% · AFTERNS: S&P 500 IT beat rate 88%+ this season but next-day move -2.5% or worse (data through Oct 29) · CNBC: Intel fell 29% Friday, Amazon sold off, as AI spending concerns grow · AP: S&P 500 worst day since June as tech selloff deepens; Intel -28.6%
Not financial advice. For informational and educational purposes only.
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